From Daniel Greenfield’s excellent blog, Sultan Knish, The Inequality of Access: Excerpts: Battling income inequality leads directly to inequality of access by putting the equalizers in charge of picking winners and losers through the agency of an expanding government that promises
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from NBC News Scarlett Johansson quits Oxfam over SodaStream criticism LONDON — Actress Scarlett Johansson has quit her role with the charity Oxfam after it criticized herpromotion of drinks company SodaStream, which has a factory in an Israeli settlement in the
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from Scott Grannis at Calafia Beach Pundit, Minimum Wage Factoids. Excerpts: But don’t take my word for it, just look at the facts as calculated by the BLS, in their Characteristics of Minimum Wage Workers 2012: In 2012, 75.3 million workers
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Alan Reynolds writes The Truth About the One Percent in The National Review Online Excerpt: The table shown here — which uses Piketty and Saez’s data — shows the top 1 percent’s average real income fell by 16.3 percent from 2007 to
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I think that the Amazon model may be as significant a step in commercial innovation as the assembly line or the department store. One Click shopping is just absolute genius. My most recent purchases: A wisk broom- an old fashioned
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“The backup philosophy for business is pragmatism. In fact, pragmatism is systematically taught in business schools. Many business leaders are proud to be called pragmatists. Pragmatists do “what works.” They are “practical.” However, actually being practical requires that we act
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Michael Novak writes in The National Review, Democratic Capitalism The prospering of free societies depends on certain moral and cultural practices. Sept 24, 2013 Excerpt: Meanwhile, two principles help to define the meaning of “democratic capitalism.” (1) The first is a
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From The Road to Oligarchy by Daniel Greenfield in Sultan Knish Excerpts: The oligarchy safeguards established interests. It is a mafia whose goal is to control and profit from all wealth. Even when it comes to power as the result of a revolution, it
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“Because we believe that the way to achieve optimal organizational performance is to allow individual employees to use their minds effectively, we operate with a highly decentralized organizational structure. One problem for the large banks that had regulator-driven risk-management systems
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“Despite the unending failures of statist economies from the Soviet Union to Eastern Europe, to North Korea, to Cuba, and so on, liberals hold on to the belief that intellectual elites with good intentions can direct human activities better than
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From Derek Hunter in Townhall, Detroit: My City Was Gone Excerpt: Mayor Young, first elected in 1974, was the first black mayor of Detroit. He entered office with all the promise that could bring to a city nearly 50 percent
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From The Road to Oligarchy by Daniel Greenfield in Sultan Knish Excerpts: The fusion of business with government leads to oligarchy. The rich are not going anywhere, but wealth becomes a factor of their government connections, rather than skill or even inheritance. Government control
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Thomas Hemphill and Mark Perry write The Myth of ‘Cowboy Capitalism’ in The American, 3/3/13. Excerpts: The Code of Federal Regulations (established in 1938) is where all the administrative rules of U.S. federal agencies are compiled; American businesses, employees, and
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I meet every couple of months with a couple of small groups of diversified small businesses in the Southeast. Here is what I am hearing. Few are making any significant capital expenses. Taxes are too high and conditions are too
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In February I posted The Entrepreneurial Deficit – a collection of articles and comments on the absence of startups and it s long term impact on the economcy. Glenn Harlan Reynolds, law professor and writer of the excellent blog Instapundit, expands on the theme
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When the preliminary results from the stress tests came back in mid-March, they matched what we had expected to see: Citi (even with its $45 billion in government capital) and a few others would be insolvent under the stress
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David Stockman writes Sundown in America: How Crony Capitalism has Left Us State Wrecked in the 4/1/13 New York Times. Excerpts: As the federal government and its central-bank sidekick, the Fed, have groped for one goal after another — smoothing
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“The attempt to turn strategy into a rigorous academic discipline has done considerable violence to the core value in almost all strategic thinking—the fundamental idea that one should always keep an eye on the big picture. Seeing the big picture
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Ezra Klein writes in The Washington Post, Derek Khanna wants you to be able to unlock your cellphone, 3/9/13 Excerpt: There’s a difference between being the party of free markets and the party of existing businesses. Excessively tough copyright law
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